City of London Investment Trust | The Guardianhttps://www.theguardian.com/business/cityoflondoninvestmenttrust
Latest news and features from theguardian.com, the world's leading liberal voiceen-gbGuardian News and Media Limited or its affiliated companies. All rights reserved. 2017Thu, 14 Dec 2017 01:50:23 GMT2017-12-14T01:50:23Zen-gbGuardian News and Media Limited or its affiliated companies. All rights reserved. 2017The Guardianhttps://assets.guim.co.uk/images/guardian-logo-rss.c45beb1bafa34b347ac333af2e6fe23f.pnghttps://www.theguardian.com
Letters: Corporate power: Private elites cling to their privilegeshttps://www.theguardian.com/business/2014/dec/15/private-elites-cling-to-privileges
<p>While your<a href="http://www.theguardian.com/commentisfree/2014/dec/08/taming-corporate-power-key-political-issue-alternative" title=""> Taming corporate power</a> series offered some useful ideas for reining in the power of corporations, it largely failed to confront the fact that our government and politics has become so corrupted by corporate power that such reforms are highly unlikely. What is required, we believe, is to first make reforms to our democracy so that it starts to work for the common good rather than private interests. This requires removing the influence of corporations entirely through reforms in the areas of party funding and lobbying, closing the revolving door between government and corporations, ending the culture of corporate secondment, introducing proportional representation, democratising the City of London Corporation and the removal of the Remembrancer.</p><p>Obviously, as supporters of a direct action organisation looking to create a mass movement, we don’t believe politicians will roll over and enact these reforms if simply asked. Thus we assert the need for a mass gathering of people every month in Parliament Square until the general election, simultaneously putting pressure on politicians while creating a space where people can learn about corporate influence and experience true democracy.<br><strong>Joseph Todd and Phil England</strong><br><em>#occupydemocracy activists, London</em></p> <a href="https://www.theguardian.com/business/2014/dec/15/private-elites-cling-to-privileges">Continue reading...</a>Corporate governanceCity of London Investment TrustBusinessOccupy movementOccupy LondonLondonProtestUK newsMon, 15 Dec 2014 21:00:11 GMThttp://www.theguardian.com/business/2014/dec/15/private-elites-cling-to-privilegesPhotograph: Anthony Devlin/PAProtestors from the Occupy group attempt to stop traffic in Parliament Square, November 2014. Photograph: Anthony Devlin/PAPhotograph: Anthony Devlin/PAProtestors from the Occupy group attempt to stop traffic in Parliament Square, November 2014. Photograph: Anthony Devlin/PAGuardian Staff2014-12-15T21:00:11ZUnited fans' game plan is not a winnerhttps://www.theguardian.com/business/2005/may/04/7
Share-buying an injury-time move<p>If Malcolm Glazer can borrow up to his eyeballs, why not Manchester United's fans? In the form of the admirable Shareholders United group, they plan to establish a leveraged investment trust to buy shares in the football club with cash borrowed from Japanese investment bank Nomura. </p><p>The ambition is to build a 25% stake, sufficient to block Glazer or any other bidder. We hate to throw cold water on an innovative idea, but this does not look like salvation. </p> <a href="https://www.theguardian.com/business/2005/may/04/7">Continue reading...</a>BusinessCity of London Investment TrustEdinburgh Investment TrustF&C Asset ManagementF&C Commercial Property TrustForeign & Colonial Investment TrustWed, 04 May 2005 11:22:37 GMThttp://www.theguardian.com/business/2005/may/04/7Guardian Staff2005-05-04T11:22:37ZTrust industry chief heals split caps splithttps://www.theguardian.com/business/2005/apr/14/8
<p>Daniel Godfrey, director general of the Association of Investment Trust Companies, apologised yesterday to his members for his handling of the split capital trust debacle. </p><p>In a speech to directors of investment trusts, Mr Godfrey offered a "sincere apology for any offence I gave, for the times when I may have spoken out of turn or gone too far". </p> <a href="https://www.theguardian.com/business/2005/apr/14/8">Continue reading...</a>BusinessCity of London Investment TrustEdinburgh Investment TrustF&C Asset ManagementF&C Commercial Property TrustForeign & Colonial Investment TrustWitan Investment TrustThu, 14 Apr 2005 15:25:35 GMThttp://www.theguardian.com/business/2005/apr/14/8Financial staff2005-04-14T15:25:35ZSplit cap manager Exeter goes busthttps://www.theguardian.com/business/2005/mar/05/3
<p>Exeter Fund Manager, which was at the centre of the split capital investment trust scandal, went bust yesterday leaving hundreds of angry investors to appeal for compensation from the City compensation scheme. </p><p>The firm was taken over by administrators from PricewaterhouseCoopers following a welter of civil lawsuits from investors who lost almost all their investments in split cap trusts. The firm and its directors were also involved in an investigation by the Financial Services Authority. </p> <a href="https://www.theguardian.com/business/2005/mar/05/3">Continue reading...</a>BusinessCity of London Investment TrustEdinburgh Investment TrustF&C Asset ManagementF&C Commercial Property TrustForeign & Colonial Investment TrustSat, 05 Mar 2005 12:22:45 GMThttp://www.theguardian.com/business/2005/mar/05/3Phillip Inman2005-03-05T12:22:45ZFSA appeal for 'split cap' financierhttps://www.theguardian.com/business/2004/sep/24/6
<p>David Thomas, a City financier regarded as an architect of the controversial split capital investment trust schemes, has been granted the right to a public appeal over a decision by the Financial Services Authority to stop him working in the City. </p><p>The Financial Services &amp; Markets tribunal has concluded that it should hear his case from scratch, but has not overturned a ruling by the regulator in January that Mr Thomas is not "fit and proper". </p> <a href="https://www.theguardian.com/business/2004/sep/24/6">Continue reading...</a>BusinessCity of London Investment TrustEdinburgh Investment TrustF&C Asset ManagementF&C Commercial Property TrustForeign & Colonial Investment TrustFinancial Services Authority (FSA)Fri, 24 Sep 2004 11:22:51 GMThttp://www.theguardian.com/business/2004/sep/24/6Jill Treanor2004-09-24T11:22:51ZA home for investors' moneyhttps://www.theguardian.com/business/2004/mar/18/budget2004.money3
<p>Proposed new unit trust-style "property investment funds" outlined in the Budget should make it easier and less risky for smaller investors to put their money into bricks and mortar, commentators said. </p><p>The government yesterday gave more details of the planned US-style funds, which would allow private investors and institutions to invest in residential and commercial property ranging from suburban semis to office blocks. A consultation process was started yesterday, and the new funds could be available from next year. </p> <a href="https://www.theguardian.com/business/2004/mar/18/budget2004.money3">Continue reading...</a>BusinessBudget 2004MoneyThe Budget 2004PoliticsEconomic policyCity of London Investment TrustEdinburgh Investment TrustF&C Asset ManagementF&C Commercial Property TrustForeign & Colonial Investment TrustBudgetThu, 18 Mar 2004 12:22:56 GMThttp://www.theguardian.com/business/2004/mar/18/budget2004.money3Rupert Jones2004-03-18T12:22:56Z